Animal healthcare company Zoetis Inc. (NYSE: ZTS) announced operating results for the second quarter, reporting higher adjusted profit and sales.
- Zoetis’ June-quarter revenue came in at $2.2 billion, which is up 6% year-over-year
- Q2 net Income increased to $671 million or $1.45 per share from $529 million or $1.12 per share in the prior-year quarter
- Adjusted net income was $652 million or $1.41 per share in Q2, vs. $567 million or $1.20 per share in the same period of 2022
- The company delivered 9% operational growth in revenue and a 12% operational growth in adjusted profit for Q2
- The management expects full-year 2023 revenue to be in the range of $8.500 billion to $8.650 billion
- It is looking for full-year operational revenue growth of 6-8% and adjusted earnings growth of 7-9%, respectively
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net